Papers coauthored with Sebastian Tan
Policy
Recommendations for Increased Financial Literacy in American High Schools
This paper examines the current landscape of financial literacy within the context of secondary schools, youth, and adolescents. For this paper, financial literacy can be defined as the ability to use financial knowledge and skills to manage financial resources effectively for a lifetime of well-being. Our literature review highlights three main issues in current practices: curriculum standardization, methodological differences in measuring financial literacy, and lack of long-term retention in youth as they grow older. Current assessment methods vary widely, financial literacy education is not completely effective, and many results were not deemed statistically significant due to small sample sizes and a small number of available studies. The absence of available data underscores the importance of a more standardized system with better analytical methodology to assess financial literacy. To address these issues, this paper proposes several solutions. We recommend standardized financial literacy curricula that are developed through collaboration with existing institutions, the increase in resources and incentives, and youth advocacy programs and government efforts can promote financial education and assist with integration into school curricula.
@misc{karim2024financialliteracy,
title = {Recommendations for Increased Financial Literacy in American High Schools},
author = {Karim, Arik and Tan, Sebastian and Ding, Siyang and Sun, Hanming and Zeng, Jake and Mukund, Varun and Zhou, Brian},
year = {2024},
month = feb,
day = {25},
howpublished = {SSRN},
url = {https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4795120}
}Public Writing
The A.I. Paradigm: Crafting Sustainable Growth for an Intelligent Economy
Artificial intelligence (A.I.) is arguably the most transformative technological advancement of the 21st century. The disruptive technology promises a dangerous crossroads of economic opportunity and productivity, and economists are unable to reach a consensus regarding the long-term implications of such innovation. This paper discusses the current state of A.I. deployment, comparative regional differences in economic development, and sector-specific impacts of A.I. adoption. We identify and address three policy concerns: implementation lag, monopolistic structures, and labor market effects. Throughout, a keen emphasis is placed upon equitable and progressive growth for stakeholders at all levels—a core tenant of any high-quality economy.
@techreport{tan2024aiparadigm,
author = {Tan, Sebastian and Wang, Justin and Reddy, Nikhil and Zhou, Brian},
title = {The A.I. Paradigm: Crafting Sustainable Growth for an Intelligent Economy},
institution = {United States National Economics Team, Council for Economic Education},
year = {2024},
month = jul,
note = {2024 Global Economics Challenge, Adam Smith Division}
}